The Jumbo One program offers a variety of loan options with flexible LTV and FICO requirements, suitable for different property types and borrower profiles. It includes options for full documentation, alternative documentation, and various income types, with specific guidelines for reserves and loan amounts.
The Jumbo One Advantage program offers a variety of fixed and adjustable rate mortgages, including interest-only options, for primary residences, second homes, and investment properties. It features specific LTV/CLTV limits and requires compliance with AUS guidelines for eligibility and underwriting.
The Jumbo One Select program offers fixed and adjustable rate mortgages with high LTV ratios for low-to-moderate income borrowers. It includes specific eligibility criteria and requires full appraisals for loans with ACE+ PDR waivers.
The USDA Guaranteed Rural Housing Program offers loans for owner-occupied, principal residences in rural areas, with no maximum loan amount and specific eligibility criteria. It includes options for purchase, rate/term refinance, and streamline refinance, with a maximum LTV/CLTV of 100% for purchase and rate/term refinance, and 105% for streamline refinance.
The VA Loan Program offers loans for veterans with specific overlays and guidelines, including options for purchase and cash-out refinance transactions. It requires compliance with VA lender handbook and specific credit, income, and property eligibility criteria.
The Freddie Mac Standard Conforming program offers fixed and adjustable rate mortgages for primary residences, second homes, and investment properties. It includes specific LTV/CLTV/HCLTV limits and requires full appraisals for loans with ACE+ PDR waivers.
The Freddie Mac Home Possible program offers fixed and adjustable rate mortgages with high LTV ratios for low-to-moderate income borrowers. It includes specific eligibility criteria and requires full appraisals for loans with ACE+ PDR waivers.
The Freddie Mac HomeOne program provides fixed rate mortgages with high LTV ratios for first-time homebuyers. It includes specific eligibility criteria and requires full appraisals for loans with ACE+ PDR waivers.
The Fannie Mae Standard Conforming program offers fixed and adjustable rate mortgages for primary residences, second homes, and investment properties. It includes specific LTV/CLTV/HCLTV limits and requires full appraisals for loans with ACE+ PDR waivers.
The Fannie Mae HomeReady program offers fixed and adjustable rate mortgages with high LTV ratios for low-to-moderate income borrowers. It includes specific eligibility criteria and requires full appraisals for loans with ACE+ PDR waivers.
The MaxONE program is designed to increase homeownership opportunities for low-to-moderate income individuals and families, offering a 2nd lien with a zero percent note rate and a forgivable option after 10 years. It allows for a maximum CLTV of 100% with a 3.5% down payment assistance.
The MaxONE Plus program offers a 2nd lien with an interest rate equal to the first lien rate plus 2%, designed for low-to-moderate income individuals and families. It allows for a maximum CLTV of 100% with a 3.5% down payment assistance.
The VA IRRRL Program offers streamline refinance options for existing VA loans with specific overlays and guidelines. It requires compliance with VA lender handbook and specific credit, income, and property eligibility criteria.
The MaxONE Home Assist program provides a 2nd lien with an interest rate equal to the first lien rate plus 2%, offering a maximum CLTV of 101.5% with a 5.0% down payment assistance. It is aimed at increasing homeownership for low-to-moderate income families.
The Freddie Mac Super Conforming program provides fixed and adjustable rate mortgages for higher loan amounts, suitable for primary residences, second homes, and investment properties. It includes specific LTV/CLTV/HCLTV limits and requires full appraisals for loans with ACE+ PDR waivers.
The FHA Purchase program offers loans for purchasing primary residences with specific overlays and guidelines, including options for different property types and compliance with FHA guidelines and overlays.
The FHA Refinance program provides options for refinancing existing FHA loans with specific overlays and guidelines, including cash-out and no cash-out refinance options.
The FHA Streamline program offers refinance options for existing FHA loans with reduced documentation and no appraisal requirements, including specific overlays for credit and non-credit qualifying loans.
The Core NonQM program offers loan options with varying LTV/CLTV based on credit score, loan amount, and occupancy. It includes options for fixed-rate mortgages and interest-only options, with specific guidelines for reserves, credit events, and DTI.
The Select NonQM program offers loan options with varying LTV/CLTV based on credit score, loan amount, and occupancy. It includes options for fixed-rate mortgages and interest-only options, with specific guidelines for appraisals, cash-in-hand limits, and debt consolidation.
The Select DSCR program is designed for non-owner occupied investment properties with 1-4 units. It requires a minimum DSCR of 1.25 and offers loan options based on credit score and LTV/CLTV, with specific guidelines for condos, interest-only options, and reserves.
The Sub1 DSCR program is designed for non-owner occupied investment properties with 1-4 units and a DSCR of less than 1.0. It offers loan options based on credit score and LTV/CLTV, with specific guidelines for condos, interest-only options, and reserves.
The Closed End & Concurrent Second Mortgages program offers fixed-term loans fully disbursed at closing with no draw feature. It is eligible as a second lien only and must be subordinate to an eligible first mortgage loan, with specific qualifying criteria and compliance requirements.
The Jumbo One Premier program offers fixed and adjustable rate mortgages for primary residences, second homes, and investment properties, with specific LTV/CLTV/HCLTV limits. It requires full appraisals for loans with ACE+ PDR waivers and follows DU guidelines for underwriting. This program also includes detailed underwriting and documentation requirements, eligibility criteria, and compliance with Fannie Mae Single Selling Guide for silent areas.